All Forum Posts by: David Marshall

@Chad McMahan thanks for commenting. It took a few months, but I have a good contractor that I'm working with and work started on the project. So far we have found ways of mitigating issues with supply short falls (windows, etc)

Investment Info:

Small multi-family (2-4 units) buy & hold investment.

Purchase price: $955,000
Cash invested: $200,000

Northern Arizona BRRRR - STR ... Project is currently undergoing rehab

What made you interested in investing in this type of deal?

The location and unique aspects of the property

How did you find this deal and how did you negotiate it?

MLS and traditional negotiations

How did you finance this deal?

10% down Vacation Home Loan

How did you add value to the deal?

Currently rehabbing the property. I will update once work is complete

What was the outcome?

Pending...but it will be cool

Lessons learned? Challenges?

Dealing with supply chain constraints and lack of contractor support in small towns of Northern Arizona

haha, yes I do!

Investment Info:

Small multi-family (2-4 units) buy & hold investment.

Purchase price: $509,000
Cash invested: $45,000

Duplex (2/2 main house with a remodeled basement and 2/1 casita). I house hacked the property for 1.5 years until just recently where I moved out and now renting both units to traveling nurses. Property is located in the Coronado Historic District and is in close proximity to numerous bars/restaurants and local hospitals.

What made you interested in investing in this type of deal?

I was looking for an opportunity to house hack and improve the property while I lived there.

How did you find this deal and how did you negotiate it?

Through the MLS and normal negotiating via RE agent

How did you finance this deal?

VA loan

How did you add value to the deal?

Through numerous property improvements both exterior and interior

What was the outcome?

Great property that I house hacked for 1.5 years. I recently moved into a new property and rent both homes out to traveling nurses. Great tenants and wonderful cash flow.

Lessons learned? Challenges?

Scrutiny of contractor work prior to purchasing. Negotiating a lower purchase price due to time on market and state of the property.

Hi Jillian, did you ever find a good landscaper in the Phoenix area? 

Investment Info:

Condo buy & hold investment.

Purchase price: $170,000
Cash invested: $60,000

Old Town Scottsdale Short-Term Rental

The Eisenhower blends historic mid-century modern design with the incredible Valley art scene to offer a stimulating vacation experience. Lounge on the custom sofa while you gaze at the original artwork and custom wall murals. Stop being boring and genuinely experience the creative culture of The Valley.

https://airbnb.com/h/theeisenhowerscottsdale

Investment Info:

Condo buy & hold investment.

Purchase price: $170,000
Cash invested: $60,000

Old Town Scottsdale Short-Term Rental

The Eisenhower blends historic mid-century modern design with the incredible Valley art scene to offer a stimulating vacation experience. Lounge on the custom sofa while you gaze at the original artwork and custom wall murals. Dip into the communal pool or walk a few short blocks to indulge in Old Town Scottsdale day or night! Stop being boring and genuinely experience the creative culture of The Valley. The community pool is open and ready for use! Featured on Dwell.com: https://www.dwell.com/home/the-eisenhower-9fadb3ee

https://airbnb.com/h/theeisenhowerscottsdale

Investment Info:

Condo buy & hold investment.

Purchase price: $170,000
Cash invested: $60,000

Old Town Scottsdale Short-Term Rental
https://www.airbnb.com/rooms/plus/38820169?preview_for_ml=true&source_impression_id=p3_1591724166_WwikkhUST8AmmYnl

What made you interested in investing in this type of deal?

My love of Old Town and personal use of Airbnb

How did you find this deal and how did you negotiate it?

Found on the MLS and negotiated directly with the seller through my agent

How did you finance this deal?

5% down FHA

How did you add value to the deal?

Complete remodel and furnishing

What was the outcome?

A short-term rental listed through Airbnb. Revenue ranges from $700 (COVID related in April 2020) to $6500 highest month so far.

Lessons learned? Challenges?

Managing contractors and designers to ensure we stay on budget and time.

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

No

Awesome, thank you Leonard

Investment Info:

other investment in Saint Johns.

Purchase price: $1,100
Cash invested: $117
Sale price: $4,500

Purchased two adjoining raw land parcels in Central Apache County. Was able to finalize a seller financing option with a buyer for 20% down, 8% interest for 24 months. This is my first real estate deal. The deal is small, but I am very excited.

What made you interested in investing in this type of deal?

I wanted a real estate option that would allow me to learn with limited money down.

How did you find this deal and how did you negotiate it?

Direct mail campaign, direct negotiation with the owners

How did you finance this deal?

cash

How did you add value to the deal?

marketing

What was the outcome?

Sold the property in a seller finance deal, ultimately the deal will provide me with a 200% ROI

Lessons learned? Challenges?

Land Locked properties suck, I will stick to properties in the future that offer road access.